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WTI Crude Oil Trading

  • #3,461
  • Aug 26, 2019 12:10pm Aug 26, 2019 12:10pm
Quoting el.
I think price still has potential to go down. But I closed too early coz I have not many trades this month
I don't understand, how may be connected closed too early with not many trades this month in one idea? Where's the logic?
Good entry and good exit for now . You don't know whether the price retrace or move next down.
BTW you have opened 2 trades, you might close one of it and another hold
  • #3,462
  • Aug 26, 2019 12:12pm Aug 26, 2019 12:12pm
Quoting Sohocool
{quote} No i did not sell . I just posted to animate the thread . WTI M5 , M15 {image} {image}
Why? It's a pity but 57 - 57,50 was really good entry on daily according to your indicators.
You have good indicators for swing trading.
Moving to 5m and 15m charts bad idea (my opinion)

1
  • #3,463
  • Aug 26, 2019 12:19pm Aug 26, 2019 12:19pm
Quoting Goldminer
{quote} I don't understand, how may be connected closed too early with not many trades this month in one idea? Where's the logic? Good entry and good exit for now . You don't know whether the price retrace or move next down. BTW you have opened 2 trades, you might close one of it and another hold
Logic is pretty clear. If I have enough trades in the month ( more than 10 profitable trades), I let profits run for my 11th trade if I see potential.
  • #3,464
  • Aug 26, 2019 12:27pm Aug 26, 2019 12:27pm
Quoting el.
{quote} Logic is pretty clear. If I have enough trades in the month ( more than 10 profitable trades), I let profits run for my 11th trade if I see potential.
Interesting rule
  • #3,465
  • Aug 26, 2019 12:34pm Aug 26, 2019 12:34pm
@Li,
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,466
  • Aug 26, 2019 12:40pm Aug 26, 2019 12:40pm
Quoting detector
{quote} Depends on the strategy GM some include using the higher TF for direction LTF for entry, while that may be a good idea, it may not in a particular approach, an explanation normally settles this, D
I am very very doubt that it's possible to combine higher tf and lower tf in one strategy, because I have eaten this mistake so many times as well on my own experience and others traders' experience.
You can combine near standing tf , for example 5m , 15 min, 30 min OR h4, d, w.
And one more thing = good strategy does not mean profit. Many traders loose money having high rate winning strategy
  • #3,467
  • Aug 26, 2019 12:48pm Aug 26, 2019 12:48pm
Quoting detector
{quote} Thanks Li, will be watching from afar, D
If you are going in vacation , then turn off everything, leave everything at home.
Markets won't disappear for these few weeks, but you brain will thank you for the rest.
Have a rest and fun!
  • #3,468
  • Aug 26, 2019 12:51pm Aug 26, 2019 12:51pm
He'll be surfing the waves (Elliot ones) LOL
All charts/ideas based on UK time zone
  • #3,469
  • Aug 26, 2019 12:52pm Aug 26, 2019 12:52pm
Quoting Goldminer
{quote} I am very very doubt that it's possible to combine higher tf and lower tf in one strategy, because I have eaten this mistake so many times as well on my own experience and others traders' experience. You can combine near standing tf , for example 5m , 15 min, 30 min OR h4, d, w. And one more thing = good strategy does not mean profit. Many traders loose money having high rate winning strategy
GM, possible misunderstanding, if you use a high time frame for trade confirmation, use a lower for entry, or possibly enter at the opening of the higher time frame bar, suppose the individual sets their own rules, what works for you may not work for me, "Bird watching in lion country"(Dirk du toit, I think from memory) has an excellent take on the three blind men and the elephant, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,470
  • Aug 26, 2019 12:56pm Aug 26, 2019 12:56pm
Thanks for the sentiment guys/gals, just chilling and having a beer, still watching until that final dot on the screen disappears, will have plenty of time to enjoy it, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,471
  • Aug 26, 2019 1:11pm Aug 26, 2019 1:11pm
Watching 53.75 it may spring a leak in the good ship bear
All charts/ideas based on UK time zone
  • #3,472
  • Aug 26, 2019 2:37pm Aug 26, 2019 2:37pm
Quoting sponge
Watching 53.75 it may spring a leak in the good ship bear
No sign of the cavalry yet

bed
All charts/ideas based on UK time zone
  • #3,473
  • Aug 26, 2019 4:10pm Aug 26, 2019 4:10pm
Attached Image (click to enlarge)
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  • #3,474
  • Aug 26, 2019 4:33pm Aug 26, 2019 4:33pm
Quoting Goldminer
{quote} What's your plan, Moty?
trade the next set up
Attached Image (click to enlarge)
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yes yes yes
  • #3,475
  • Aug 26, 2019 4:56pm Aug 26, 2019 4:56pm
Quoting sponge
Watching 53.75 it may spring a leak in the good ship bear
It seems like 50 is the lowest it could possibly go but the downward trend is legitimate.
  • #3,476
  • Aug 26, 2019 5:01pm Aug 26, 2019 5:01pm
By the way, there is the potential hurricane approaching SE US right now: Dorian. Something to keep an eye on before the end of the week.

https://www.cnn.com/2019/08/26/weath...wxc/index.html
  • #3,477
  • Aug 26, 2019 6:53pm Aug 26, 2019 6:53pm
Target: 55 handle
Attached Image (click to enlarge)
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #3,478
  • Aug 26, 2019 7:25pm Aug 26, 2019 7:25pm
Quoting Moty
{quote} trade the next set up {image}
I share your bearish sentiment (if I read your post correctly). Check out the last four trading days. Heavy selling when it finally occurred.
Attached Image (click to enlarge)
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #3,479
  • Aug 26, 2019 7:35pm Aug 26, 2019 7:35pm
Slight recovery today. I think we'll be bouncing up and down between 52-55 without cause for a breakout.
  • #3,480
  • Aug 27, 2019 12:12am Aug 27, 2019 12:12am
Quoting EventsTrader
{quote} I share your bearish sentiment (if I read your post correctly). Check out the last four trading days. Heavy selling when it finally occurred. {image}
Beautiful diagnosis
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yes yes yes
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